The advent of cryptocurrencies has a lot of people fixated on the thought of making easy money, but one company is looking harness the wonders of cryptocurrency and blockchain technology for a greater purpose, by using it fuel the creation of an all-new charitable platform.

Dubbed Giftcoin, the platform would be built around the circulation of a cryptocurrency, also called Giftcoin, which could be used to make donations to charities. Users can purchase Giftcoin tokens and then use them to make donations to charities. The use of blockchain record-keeping means that donors can quickly and easily keep track of how their donations are being used.

By making use of blockchain technology, the Giftcoin charitable platform is looking to address long-held problems with transparency in the world of charitable giving, by using robust technology for the greater good.